Walton County to break ground on Driftwood Road
According to a news release, the construction will begin Monday, June 16, on 76 Driftwood Road in Miramar Beach at 9 a.m.
U.S. 231 Road Improvement Project to begin in Bay County
Walton County's need for public beach access, rest areas and transit stops led to the project approval from the BCC. The Driftwood Road Municipal Parking facility will include 67 parking spaces with dedicated ADA, LSV and bicycle parking. Four of the parking spots will also include electric vehicle charging stations.
Officials say the construction of the 1.119-acre lot will take approximately 11 months.
For visitors, the public transit stop will have air-conditioning as well as a restroom facility for convenience.
The Tourist Development Tax, a 5% tax collected on short-term rentals in south Walton County, funds this development.
For more information and project updates, click here.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Wire
38 minutes ago
- Business Wire
U.S.-Japan Council Announces 2026 Return of the Japan-Texas Economic Summit in Arlington, TX
ARLINGTON, Texas--(BUSINESS WIRE)--The U.S.-Japan Council (USJC) today announced the return of the Japan-Texas Economic Summit, a premier gathering of business, investment and political leaders dedicated to advancing economic collaboration between Japan and the Lone Star State. Scheduled for May 11–13, 2026, in Arlington, TX, the event will take place against the backdrop of evolving U.S.-Japan trade dynamics and growing regional alignment on supply chain resilience and industrial policy. Hosted by USJC in partnership with the City of Arlington and Arlington Economic Development Corporation as title sponsors and ABeam Consulting as organizing sponsor, the 2026 Summit revives a landmark initiative that first launched in 2018 and now returns as an annual signature event for strengthening U.S.-Japan economic ties. 'This is more than a conference. It's a strategic signal,' said Sachi Hamai, Chair of the U.S.-Japan Council's Board of Directors. 'As bilateral trade discussions intensify, the Japan-Texas Economic Summit reflects a shared commitment to partnership through commercial vision, policy alignment, and real investment.' The Summit's momentum is driven by local leadership deeply rooted in Texas. 'We're fortunate to have prominent USJC leaders such as Donna Cole, Mark Okada, and Steve Sakanashi who reside in Texas,' said Audrey Yamamoto, President and CEO of the U.S.-Japan Council. 'Their leadership, in-state networks, and knowledge of the local economy is shaping an agenda that will resonate broadly and highlight Texas's pivotal role in advancing U.S.-Japan relations.' The Summit will leverage USJC's proven convening power of bringing together subnational leaders, including governors, mayors, government agency officials, and top corporate executives. These influential figures will engage across borders to develop strategies for sustained growth and regional collaboration. The inaugural Japan-Texas Economic Summit, hosted in Houston in 2018, convened more than 400 leaders across industry and government. Since then, Texas has emerged as a top state for Japanese-affiliated companies and one of the fastest-growing destinations for foreign direct investment. Between 2011 and 2021, employment by Japanese firms in Texas more than doubled, reaching over 75,000 jobs and far outpacing the national average. 'The 2018 Summit, combined with Texas Governor Greg Abbott's Statement of Mutual Cooperation with Governor of Aichi Prefecture Hideaki Ohmura last year, reveals a deep appetite to strengthen Japan-Texas ties,' said Steve Sakanashi, Chair of the Japan-Texas Economic Summit. 'The 2026 Summit will build on that momentum and become the permanent gathering point for our two economies to plan for the future.' With Arlington serving as host city for three consecutive years, the Summit anchors itself at the heart of the Dallas–Fort Worth Metroplex, an area projected to become the third-largest metropolitan region in the United States by the 2030s. This explosive growth mirrors broader dynamics unfolding across Texas, from the energy capital of Houston to the innovation corridor of Austin and San Antonio. Together with the Dallas-Fort Worth Metroplex, these cities form the Texas Triangle, where five of the nation's 15 largest cities form a megaregion driving over 75% of Texas's $2.7 trillion GDP. Programming for the 2026 Summit will explore a wide spectrum of shared priorities, including: Energy transition and resilient supply chains Advanced manufacturing and next-gen mobility Semiconductors, artificial intelligence, and cybersecurity Biotech, healthcare innovation, and the longevity economy Cross-border capital formation and the rise of the Texas Stock Exchange Cultural diplomacy in sports, food, entertainment, and education To learn more or receive updates, visit: Speaker and sponsorship requests can be directed to: japantexassummit@ About the U.S.-Japan Council Founded by Japanese Americans, the U.S.-Japan Council is the premier organization dedicated to strengthening U.S.-Japan relations through people-to-people connections. From high school classrooms to corporate boardrooms, from college lecture halls to the halls of government, we develop and connect leaders from every sector committed to a strong and enduring global partnership. For more information, visit
Yahoo
an hour ago
- Yahoo
Should Netflix Be More Like Walt Disney?
Key Points Netflix is opening Netflix Houses in select U.S. cities, which will bring its popular shows and movies to life. Disney is second-to-none when it comes to physical experiences, a segment that rakes in substantial profits. Netflix dominates the current media landscape, so a major shift in strategy isn't necessary. 10 stocks we like better than Netflix › In the past decade, Netflix (NASDAQ: NFLX) shares have soared 955%. Just this year (as of July 23), they are up 32%. With this type of stellar performance, it seems the business can do no wrong. However, there is one area Netflix has yet to tap: Theme parks. The company has become a dominant media and entertainment enterprise, but it's presence in the physical world is nonexistent. This puts Netflix behind a peer like Walt Disney (NYSE: DIS), which owns and operates seven of the 10 most visited theme parks on the face of the planet. Not to mention the cruise ships that Disney also has. Maybe Netflix is staring at an obvious opportunity here to grow its revenue and fan base. Should the top streaming stock become more like the House of Mouse? Here's how investors should view this situation from a strategic and financial perspective. Creating a flywheel Disney has unmatched intellectual property (IP), which helps support its flywheel. People might watch a new Marvel movie or series and immediately want to experience these characters in real life, so they visit Walt Disney World to ride the Guardians of the Galaxy: Cosmic Rewind roller coaster. They might also buy merchandise. It's a situation where all the pieces fortify Disney's competitive position, allowing it to develop deeper and longer-lasting connections with its fans. Creating physical experiences can help Netflix bolster its brand in the same way. For what it's worth, the company plans to launch Netflix Houses in Dallas and Philadelphia this year, and in Las Vegas in 2027. These are permanent, but small-format (about 100,000 square feet) setups located in shopping malls. There are interactive experiences, dining options, and retail stores. It's encouraging to see Netflix test the waters when it comes to physical experiences. It might not have the breadth and depth of IP that Disney has, especially when it comes to content for kids and families, but it has extremely popular shows and movies that people love. It's probably best that Netflix isn't going full steam ahead with building an actual theme park, as it likely won't be able to compete with Disney's dominance, or with Comcast's Universal Studios. Financial implications When making these kinds of strategic decisions, what matters most is the potential they can have for financial success. Disney's Experiences segment is its most profitable. In fiscal 2024 (ended Sept. 28, 2024), this division raked in $9.3 billion in operating income on $34.2 billion in revenue. Netflix reported $6.9 billion in free cash flow in 2024, with a forecast to bring in between $8 billion and $8.5 billion this year. Investing in building out theme parks would require huge capital expenditure commitments that would certainly dent Netflix's strong financial position. Return on invested capital is a key metric that management teams should think about when allocating cash to its best use. Developing physical experiences at Disney's level would take resources away from creating top-notch content that the company is known for. In September 2023, Disney announced that it was going to spend $60 billion over the next decade to expand its Experiences segment. That's a massive undertaking that Netflix can avoid. Netflix is doing just fine The media industry, which is now being driven by the streaming model, is extremely competitive. There are many businesses vying for viewer attention, so it's always important to figure out ways of standing out. But Netflix reigns supreme, with more than 300 million subscribers worldwide. It's operating from a position of strength with the upcoming launch of Netflix Houses. Netflix doesn't need to be more like Disney. The former continues to fire on all cylinders. The opposite argument holds more weight, with Disney needing to be more like Netflix -- at least when it comes to the House of Mouse's streaming segment that just became profitable not too long ago. Should you buy stock in Netflix right now? Before you buy stock in Netflix, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Netflix wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Netflix and Walt Disney. The Motley Fool recommends Comcast. The Motley Fool has a disclosure policy. Should Netflix Be More Like Walt Disney? was originally published by The Motley Fool


CNBC
4 hours ago
- CNBC
Heineken CEO: Important that further EU-U.S. trade escalation has been avoided
Dolf van den Brink, CEO of Heineken, discusses the company's H1 earnings and the new EU-U.S. trade agreement.